1848p seated lib quarter PCI (Larry Briggs Attributed)

Discussion in 'US Coins Forum' started by heavycam.monstervam, Jun 26, 2016.

  1. SuperDave

    SuperDave Free the Cartwheels!

    Dunno; good possibility. I've seen plenty of Red Label (Details) PCI stuff from that era, too, as well.
     
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  3. Conder101

    Conder101 Numismatist

    That is from the first Signature Series slabs. Very short lived and scarce. It was short lived because shortly after it began a lot of their Experts disavowed their association with PCI. PCI was supposed to send them the coins for examination and grading, and then slab them with the signature labels. But PCI decided to "speed things up" and just skip sending the coins out to the experts. They just graded them themselves and then added the experts names to them. The experts didn't like the fact that their names and reputations were being put on coins they had never seen.

    So there is no guarantee that Larry ever saw that coin.
     
    micbraun and Kirkuleez like this.
  4. Insider

    Insider Talent on loan from...

    As a student of TPGS's and slabs (you are considered an authority); I'm very curious as to where you got this information...as in who told you this?
     
  5. Kirkuleez

    Kirkuleez 80 proof

    Hmmm, that certainly changes things.
     
  6. Paddy54

    Paddy54 Well-Known Member

    Yes it does but I think I would of rolled the dice on this one.
    With a mintage of under 150 K, I doubt if you would not be able to get out from under if you chose to.
    But again I do understand Heavy not wanting to gamble .
     
  7. Insider

    Insider Talent on loan from...

    @Conder101

    Mark Powell and Mike Fazzari were at PCI when the Signature Series was developed. Mike is in Tampa at ICG and Mark is still in Chattanooga. It shouldn't be too hard to confirm your story. I spoke with Mark last year at the Camp Jordan coin show.
     
    Last edited: Jun 27, 2016
  8. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    If the reverse has a minor problem it might have been net graded or perhaps extremely conservatively graded? Looks AU to me for sure.
     
  9. Kirkuleez

    Kirkuleez 80 proof

    I agree with you and probably would have kept it as well, but @Conder101 has me second guessing my earlier statement that I would accept the slab at face value considering Larrys approval. If there is question whether or not Larry even examined the coin, I don't think I would have made such a blanket statement and would need to see the coin a little better before accepting it as stated.
     
  10. ddddd

    ddddd Member

    I hadn't heard about PCI "speeding up the process" before. At least when I asked about the Chuck Daughtrey labels, he personally replied that they were examined by him.

    See post #11

    https://www.moderncoinmart.com/forum/threads/chuck-slabbed-lincoln-cents.4309/

    Quoted from Chuck:

    "HI folks. The PCI signed coins are indeed hand signed by me. There were over all about 200 of them made (no exact count is known) back in 2006-2007 when they were trying to clean up their act. I honestly thought they were heading into a new (and better) era when I agreed to work with them on the project. Mere months after the program started, the owner of the company died and all the equipment was sold to a new firm which is also now out of business.

    The grading on these signed slabs should be somewhat accurate - I wouldn't sign the label unless the coin graded within my standard."
     
    heavycam.monstervam likes this.
  11. Paddy54

    Paddy54 Well-Known Member

    My thoughts are the low mintage , and survival rate , as well as the slab. So how many of 146,000 are still around?
    Let's say Conder101 is correct either way this is a rare coin in a rare slab, and it's bound to increase in value to a select collector .
    I personally have run across a very rare variety , it was damaged . I didn't pull the trigger because of the damage , now no longer available I have remorse.
    Yes the damage would effect the value and resale , but when something is this rare you need to roll the dice.
    Or accept that the opportunity may never come again.
    The coin in question I have seen two of this variety the survival rate on this variety is slim to none.
    Again we all make choices and it's an easy job to be a Monday morning quarter back.
     
    heavycam.monstervam likes this.
  12. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    Numismedia NOW has green arrows and lists this coin @$510-XF ($60 jump) and up to $680 for au. I've never owned/returned a coin and witnessed a jump a day later like that. Am starting to wonder if I shoulda pulled the trigger , the good news is : I've already made $ off the coins I bought instead but this might coulda shoulda woulda been a nice profitable coin 4 me. Oh well , thems the breaks
     
    Paddy54 likes this.
  13. Paddy54

    Paddy54 Well-Known Member

    Heavy welcome to coin collecting ....... :) Would of,could of,should of..... :)
     
    ddddd and heavycam.monstervam like this.
  14. Mainebill

    Mainebill Bethany Danielle

    I would have kept it. Problem free this is the kind of coin I buy in a heartbeat. All day any day
     
  15. SuperDave

    SuperDave Free the Cartwheels!

    No you can't, because only a half-dozen or so a year appear at auction. :p
     
    heavycam.monstervam likes this.
  16. Burnside_Q

    Burnside_Q Member

    I like the quarter, wish the images were a bit better. You can buff out those holder scratches with toothpaste.
     
    imrich likes this.
  17. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    If you all wouldn't of took so long to reply (45 mins. ) I wouldn't of been looking so hard through the scuffed up holder for warning signs, and would have lived and died by the PCI grade, & fancy smancy attributed label;)
     
    Pickin and Grinin likes this.
  18. Paddy54

    Paddy54 Well-Known Member

    Heavy Buyers remorse the door swings both ways. You either pass and have regrets or you pull the trigger and then need to live with the decision you made.
    It truly doesn't matter what I or any other members would or would not of done.
    You made the best choice for your situation and no one can fault you on how you wish to spend your money.
    The best lesson learned here is you didn't have all the answers ......and no matter if you got a 100 replies you still of could been split right down the middle 50/50 for and against .
     
  19. Mainebill

    Mainebill Bethany Danielle

    I meant early seated coins with good surface and eye appeal. I buy all I see that the price is decent on
     
  20. baseball21

    baseball21 Well-Known Member

    This +100.
     
  21. Conder101

    Conder101 Numismatist

    Chuck is discussing the second series of PCI signature slabs. Note he mentions 2006,2007. The first series as in the OP were from 1995 or so about ten years earlier.

    The open letter from the PCI experts was published as an "advertisement" in Coin World and Numismatic News, possibly other places. The letter did not spell out why they were disassociating themselves from PCI. I know I talked to a couple of the experts later, I believe Larry was probably one of them, and they were the ones that told me the coins were not being forwarded to them for examination but just being slabbed with their names on them.
     
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